BondCalc vs. BondScholar

Feature:

BondCalc

BondScholar

After Tax Analysis:

Calculates, using correct method, for a wide variety of paper under different scenarios. Has dual personality (corporate or individual). Allows for ESOP exclusion, dividend exclusion and tax exempts. Uses purchase price and date to calculate tax basis.

Yes.

O.A.S. and Zero Spot Pricing:

Yes. Can enter OAS Spread or Option Free Yield and solve for price.

No.

Varying Coupon Rate:

Yes. User has complete control. Frequency can also change.

No.

Serial Issues:

Can fully handle bundled serial issues and price off yield curve.

Only if single coupon rate.

Swap Analysis:

Multiple issues allowed on each side of the swap. Calculates rollover breakeven and many pretax and A.T. numbers following Bloomberg methodology.

Optional extra. One-for-one swap only.

Horizon Analysis:

Yes, on-screen and reports.

?

Make-whole Call Analysis:

Yes. Can input future treasury yield or use implied forward rate from current yield curve. Has sensitivity report.